Today: The MKS Instruments Inc. (MKSI) Now Covered by Citigroup Inc.

The MKS Instruments Inc. (MKSI) Now Covered by Citigroup Inc.

Citigroup Inc. initiated coverage on shares of MKS Instruments Inc. (NASDAQ:MKSI) in a report published on Wednesday morning. The brokerage issued a buy rating and a $59.00 price objective on the stock.

“The Newport transaction not only diversifies the revenue base to an even 50/50 split of semi and non-semi business, but it also opens the door to new customers in the semiconductor space.,” the firm’s analyst wrote.

A number of other analysts also recently issued reports on MKSI. Dougherty & Co raised their price objective on MKS Instruments from $46.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, June 23rd. Zacks Investment Research raised MKS Instruments from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Tuesday, June 28th. Finally, Pacific Crest reaffirmed a buy rating on shares of MKS Instruments in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $48.80.

Shares of MKS Instruments (NASDAQ:MKSI) opened at 48.40 on Wednesday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 31.65 and a beta of 1.18. MKS Instruments has a 52-week low of $29.00 and a 52-week high of $54.73. The firm’s 50 day moving average is $48.64 and its 200 day moving average is $43.45.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. The firm earned $325.90 million during the quarter, compared to the consensus estimate of $288.62 million. MKS Instruments had a return on equity of 9.33% and a net margin of 9.21%. The company’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. Equities analysts expect that MKS Instruments will post $2.68 earnings per share for the current year.

In related news, CEO Gerard G. Colella sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the completion of the sale, the chief executive officer now owns 42,900 shares in the company, valued at $1,960,959. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Charles Quirk sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $49.36, for a total value of $49,360.00. Following the sale, the vice president now owns 11,210 shares of the company’s stock, valued at approximately $553,325.60. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of MKSI. Capstone Asset Management Co. boosted its stake in MKS Instruments by 0.4% in the third quarter. Capstone Asset Management Co. now owns 16,009 shares of the company’s stock valued at $796,000 after buying an additional 60 shares during the last quarter. Profund Advisors LLC boosted its stake in MKS Instruments by 1.8% in the second quarter. Profund Advisors LLC now owns 12,017 shares of the company’s stock valued at $517,000 after buying an additional 209 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in MKS Instruments by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,843 shares of the company’s stock valued at $122,000 after buying an additional 219 shares during the last quarter. PineBridge Investments L.P. boosted its stake in MKS Instruments by 4.0% in the second quarter. PineBridge Investments L.P. now owns 6,769 shares of the company’s stock valued at $292,000 after buying an additional 262 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in MKS Instruments by 1.5% in the second quarter. Arizona State Retirement System now owns 27,676 shares of the company’s stock valued at $1,192,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.

MKS Instruments Company Profile

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